Keywords
degradation
democracy
children
business competition
legal guarantees
How to Cite
Abstract
The authors of the article have revealed the principles of justice of the author’s traditional and public pension system. The authors have accomplished a critical analysis of the existing pension systems of the Western world, primarily the Bismarck one. The existing factors of pension provision, which lead to the loss of economic competition by democratic, legal states to some authoritarian states, have been clarified. It has been concluded that the Bismarck joint pension system cannot be effectively reformed. It should be gradually abandoned. It has been defined that the principles of the traditional and public pension system are based on the inextricable relationship between the financial situation of working children and their non-working parents. It has been proved that this social relationship must be protected by the norms of public law under the legal guarantees of the state.
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